Fund Facts  

Inception Date: Nov 25, 1996
CUSIP: 14214M641
Ticker Symbol: SCPZX
Morningstar Category:Intermediate Core-Plus Bond
As of Mar 31, 2022
Fund Net Assets ($millions) $1,195

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks a high level of total return consistent with the preservation of capital.

Principal Investment Strategies  

Under normal circumstances, the fund invests at least 80% of its net assets in bonds of varying maturities, including mortgage- and asset-backed securities. The bonds in which the fund may invest also include other fixed income instruments such as debt securities, to-be-announced securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Carillon Reams Core Plus Bonda-5.10%-5.10%-3.47%4.47%3.95%3.27%5.86%
Bloomberg U.S. Agg Bond Indexa,b-5.93%-5.93%-4.15%1.69%2.14%2.24%N/A
Morningstar Intermediate Core-Plus Bonda,c-5.72%-5.72%-4.00%2.13%2.39%2.61%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.icmarc.org, or institutions can go to investments.missionsq.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa,d
Gross Expenses0.65%
Net Expenses0.40%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Bloomberg U.S. Aggregate Bond Index consists of investment-grade U.S. fixed income securities.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 28, 2021Dec 28, 2021$0.063308000
Dec 1, 2021Dec 1, 2021$0.113985000
Nov 1, 2021Nov 1, 2021$0.021572000
Oct 1, 2021Oct 1, 2021$0.008074000
Aug 2, 2021Aug 2, 2021$0.057302000
Jul 1, 2021Jul 1, 2021$0.024905000
Jun 1, 2021Jun 1, 2021$0.025809000
May 3, 2021May 3, 2021$0.031454000
Apr 1, 2021Apr 1, 2021$0.031469000
Mar 1, 2021Mar 1, 2021$0.032702000
Feb 1, 2021Feb 1, 2021$0.029610000
Dec 29, 2020Dec 29, 2020$1.402541000
Dec 1, 2020Dec 1, 2020$0.197371000
Nov 2, 2020Nov 2, 2020$0.036923000
Oct 1, 2020Oct 1, 2020$0.038146000
Sep 1, 2020Sep 1, 2020$0.038838000
Aug 3, 2020Aug 3, 2020$0.044260000
Jul 1, 2020Jul 1, 2020$0.053984000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2022
Period Stars Category Size
Overall 5 Stars569
3-Year 5 Stars569
5-Year 5 Stars502
10-Year 4 Stars356

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2022
Fixed Income Stylebox
Medium Moderate
Allocation of Assets As of Dec 31, 2021
Type of Asset Percent
Equity0%
Fixed Income109%
Cash/Other-9%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Dec 31, 2021
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond87.6%
Foreign Bond19.8%
Preferred0.0%
Convertible1.5%
Cash-9.0%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 

Credit Quality As of Dec 31, 2021
Quality LevelPercent
AAA56.1%
AA2.1%
A13.5%
BBB23.7%
BB4.6%
B0.0%
Below B0.0%
Not Rated0.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Dec 31, 2021
Holding NamePercent
Euro Bobl Future Mar 2216.8%
United States Treasury Notes 0.13%9.5%
United States Treasury Notes 0.25%7.7%
United States Treasury Bonds 2%5.1%
United States Treasury Notes 1.38%5.0%
Federal National Mortgage Association 2.5%4.5%
Federal National Mortgage Association 2%4.4%
Euro Buxl Future Mar 224.0%
United States Treasury Notes 1.38%3.7%
Federal National Mortgage Association 3%3.6%
Fixed Income Sector As of Dec 31, 2021
SectorPercent
Government60.0%
Securitized24.5%
Corporate24.1%
Derivative0.5%
Cash & Equivalents-9.1%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
 

Statistics

Duration and Maturity As of Dec 31, 2021
StatisticValue
Average Effective Duration3.00 years
Average Effective MaturityN/A
Portfolio Statistics As of Mar 31, 2022
Statistic3-Year5-Year
Beta1.071.07
Alpha2.671.71
Standard Deviation4.834.20
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.